starkoski

Oil Prices: Higher or Lower in 2010?

Supply will not increase and will decrease due to peak oil and the land export model. When oil went to $147 there was little supply response and now with the world economies improving supply will not be able to keep up with demand. Even the IEA come out and spoke about the looming peak oil problem even though they think it will be later. It looks like supply peaked over the last 4 years and it is rolling over - forever. Tell me you opinion on this response.
Thanks